Intercompany Elimination Journal Entries Can Now Be Summarized via Accounting Preference
A new accounting preference, Journal Entry Summarization on Intercompany Elimination, controls whether elimination journal entry lines are grouped into a single summarized line or remain individual. Behavior varies by account type — some balance-sheet accounts are always summarized regardless of the preference.
NetSuite has introduced (or documented) the Journal Entry Summarization on Intercompany Elimination accounting preference, which controls how elimination journal entry lines are rolled up on the journal entry record's Lines subtab.
What changed
When the preference is enabled, elimination journal entries for Accounts Payable, Accounts Receivable, Equity, and Income Statement accounts are grouped into a single journal entry line when all of the following match:
- Same elimination subsidiary
- Same elimination period
- Same accounting book
- Same Class / Department / Location / Custom Segment combination
- Same GL account
When the preference is disabled, each elimination journal entry remains on its own line with no grouping.
Always-summarized account types
Other balance-sheet accounts — specifically account types such as Other Asset and Other Current Liability — are always summarized into a single detail line regardless of whether the preference is on or off. This is not configurable.
CTA-E line behavior
The Cumulative Translation Adjustment–Elimination (CTA-E) line always appears as a single detail line with a link to the account's History record. This is unaffected by the preference.
Drill-down and source transaction links
When the preference is enabled, the Source Transactions column on the Lines subtab shows a row count indicating how many individual entries were rolled into the summarized line. Clicking the Rows link opens a detail page where each source transaction is listed in a Created From column. That detail page also exposes:
- Transaction amount and currency
- Base currency amount and currency
- Consolidated exchange rate information
When the preference is disabled, none of this drill-down detail is available because lines are not grouped.
What to do
- Evaluate the preference. Navigate to Setup > Accounting > Accounting Preferences and look for Journal Entry Summarization on Intercompany Elimination. Decide whether summarized lines or granular lines better fit your consolidation review workflow.
- Review any custom scripts or saved searches on elimination journals. If you have SuiteScript customizations, saved searches, or SuiteAnalytics workbooks that parse elimination journal lines, toggling this preference will change the number and structure of lines returned. A single summarized line replaces what were previously multiple lines, which may break row-level logic or line-count assertions.
- Test in Sandbox first. Because this preference can be toggled on and off, enable it in a Sandbox account and re-run an intercompany elimination to verify that downstream reporting (financial statements, custom reports, GL audit scripts) still produces expected results.
- Account for always-summarized types. Even with the preference off, Other Asset and Other Current Liability accounts will always appear summarized. Ensure your reconciliation processes account for this fixed behavior.
Source clarity note
The Oracle documentation does not specify which NetSuite release introduced this preference, nor does the URL contain version metadata. The content reads as a reference page rather than a dated release note. If you need to confirm availability in your account, check Setup > Accounting > Accounting Preferences or contact NetSuite Support to verify the feature is enabled for your account's release version.
Source: Oracle NetSuite Release Notes